Common use of Limitation on Credit Extensions Clause in Contracts

Limitation on Credit Extensions. Borrower will not extend credit, make advances or make loans.

Appears in 3 contracts

Sources: Credit Agreement (Recovery Energy, Inc.), Credit Agreement (Recovery Energy, Inc.), Credit Agreement (Recovery Energy, Inc.)

Limitation on Credit Extensions. Borrower will not extend credit, make advances or make loansloans to any Person other than in the ordinary course of business, unless approved by Lender in writing.

Appears in 1 contract

Sources: Term Credit Agreement (BPI Energy Holdings, Inc.)